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Used truck buyers face older inventory, hesitant sellers, and economic headwinds. But understanding the trends could mean smarter decisions tomorrow.
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J.D. Powers analysts found prices for used trucks remain high as volume levels dropped, while retail prices continue to hold steady as well.
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Industry experts say a glut of used trucks remains on the market and, in extreme cases, some fleets actually owe more for equipment than it is now worth on the secondary market.
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So far in 2016, auction prices have decreased less than 3% per month compared to nearly 5% per month in the second half of 2015.
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Class 8, the largest single segment, last year accounted for 271,000 units. 2010 was even stronger, with 320,000 Class 8 transactions.
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Sales for used Class 8 trucks fell by 10% in August compared with the previous month and 6% compared to last year according to a report by ACT Research.
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Sales of used Class 8 trucks sold in July were 2% better than the month before, as selling prices remained high.
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The average selling price for Class 8 trucks reached just over $44,400 in February, rising for a second consecutive month and setting a high-water mark, according to ACT Research.
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Used commercial vehicle registrations during the first half of the 2013 calendar year are up more than 9% over the same period last year, according to Polk, the global automotive market intelligence firm recently acquired by IHS.
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